Pan American Silver Corp. (Nasdaq:PAAS)
May 17th, 2019
Amidst falling markets Pan American Silver Corp. closed the day up $0.07 Friday which equals a 0.65% jump, closing at $10.91. Despite ending the day higher, Pan American Silver Corp. hit a new 52 week low of $10.71, breaking the previous low of $10.72 from earlier this month. Two technical ‘scores’ for companies to be aware of are the Altman Z1 and the Piotroski2 scores. PAAS scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is 1.53, and the Piotroski Score is 2).
PAAS outperformed the rest of the Materials sector which went down -0.50% today.
Analysis results from 9 analysts indicates that Pan American Silver Corp. could increase significantly (66.05%), while Finbox has calculated (with very high uncertainty) a fair value price of $12.22.
The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.48%), while the Industrials sector saw the biggest drop (-1.10%). Information Technology has seen the biggest year-to-date gain of 22.31%.
Utilities saw the biggest turnaround compared to its 5-day performance (2.42%), as it went up by 0.48%. Energy and Materials experienced turn arounds from their five day positive performances with Energy dropping -1.05%.
- Utilities, up 0.48%.
- Real Estate, down -0.17%.
- Healthcare, down -0.17%.
- Consumer Staples, down -0.19%.
- Communication Services, down -0.48%.
- Materials, down -0.50%.
- Financials, down -0.60%.
- Consumer Discretionary, down -0.80%.
- Information Technology, down -0.82%.
- Energy, down -1.05%.
- Industrials, down -1.10%.
Pan American Silver Corp. Info
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, La Arena, Shahuindo, San Vicente, Manantial Espejo, and Timmins mines. Pan American Silver Corp. was founded in 1979 and is headquartered in Vancouver, Canada.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Pan American Silver Corp.’s score is 1.53) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Pan American Silver Corp.’s score is 2), and 9 is the best.
Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.